Primaris REIT: New buy

PRIMARIS REIT, $14.56, is a buy. The trust (Toronto symbol PMZ.UN; units o/s: 101.4 million; Market cap: $1.5 billion; TSINetwork Rating: Average; Yield: 5.5%; www.primarisreit.com) owns 35 enclosed and open air shopping malls in Canada. The occupancy rate is 89.1%.
In January 2022, unitholders of H&R REIT (see left)… Read More

This new retail REIT is attractive

PRIMARIS REAL ESTATE INVESTMENT TRUST $15 is a buy. The REIT (Toronto symbol PMZ.UN; Manufacturing sector; Units outstanding: 98.3 million; Market cap: $1.5 billion; Distribution yield: 5.3%; Takeover Target Rating: Medium; www.primarisreit.com) owns 35 enclosed and open-air shopping malls in Canada. The occupancy rate is 89.1%.
H&R REIT (Toronto symbol… Read More

Primaris REIT is a new buy

PRIMARIS REAL ESTATE INVESTMENT TRUST $15 is a buy. The REIT (Toronto symbol PMZ.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 98.3 million; Market cap: $1.5 billion; Distribution yield: 5.3%; Dividend Sustainability Rating: Average; www.primarisreit.com) owns 35 enclosed and open air shopping malls in Canada. The occupancy rate… Read More

H&R REIT $21.86 – Toronto symbol HR.UN

H&R REIT $21.86 (Toronto symbol HR.UN; Units outstanding: 272.4 million; Market cap: $6.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.2%; www.hr-reit.com) owns stakes in 41 office buildings, 112 industrial properties and 168 shopping malls across Canada.

In March 2013, H&R finished building the Bow, a.. Read More

Innovative growth plans cut their risk

RIOCAN REAL ESTATE INVESTMENT TRUST $25.67 (Toronto symbol REI.UN; Units outstanding: 306.7 million; Market cap: $7.9 billion; TSINetwork Rating: Average; Dividend yield: 5.5%; www.riocan.com) is Canada’s largest real estate investment trust (REIT), with interests in 340 shopping malls containing over 81 million square feet of… Read More

H&R REIT $23.38 – Toronto symbol HR.UN

H&R REIT $23.38 (Toronto symbol HR.UN; Units outstanding: 271.4 million; Market cap: $6.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.8%; www.hr-reit.com) owns stakes in 41 office buildings, 112 industrial properties and 168 shopping malls across Canada. The trust has a 97.9% occupancy rate.

In March… Read More

Smart acquisitions fuel these REITs

RIOCAN REAL ESTATE INVESTMENT TRUST $27.64 (Toronto symbol REI.UN; Units outstanding: 304.4 million; Market cap: $8.4 billion; TSINetwork Rating: Average; Dividend yield: 5.1%; www.riocan.com) is Canada’s largest real estate
investment trust (REIT), with interests in 340 shopping malls containing over 82 million square feet of leasable… Read More

Good quarter for H&R

H&R REIT $22.10 (Toronto symbol HR.UN; Units outstanding: 270.3 million; Market cap: $6.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.1%; www.hr-reit.com) reported revenue of $314.6 million in the three months ended December 31, 2013. That was up 45.2% from $216.6 million a year earlier… Read More